Government of Brazil launches Safra Plan with 10% more resources for corporate agriculture

Published 2024년 7월 3일

Tridge summary

The 2024/2025 Harvest Plan, unveiled by the federal government, marks a significant investment in the agricultural sector with a budget of R$400.59 billion in credit for medium and large rural producers, marking a 10% increase from the previous harvest. This includes R$108 billion in Agribusiness Letters of Credit, totaling R$508.59 billion in credit. The Safra Plan alone allocates R$293.29 billion for funding and marketing, with R$107.3 billion set aside for investments, both seeing substantial increases. The plan also introduces interest rates ranging from 7% to 12% per year and encourages sustainable farming practices by offering lower interest rates to those who adopt environmental regulations like the Rural Environmental Registry. The plan introduces 13 investment programs aimed at fostering modernization and innovation in various aspects of agriculture.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The federal government launched the 2024/2025 Harvest Plan with R$400.59 billion in credit for medium and large rural producers. The value represents an increase of 10% compared to the previous harvest. Furthermore, the plan includes R$108 billion in Agribusiness Letters of Credit (LCA), totaling R$508.59 billion in credit. The amount allocated by the Safra Plan allocates R$293.29 billion for funding and marketing, an increase of 8% compared to the previous cycle, and reserves R$107.3 billion for investments, an increase of 16.5%. Interest rates range from 7% to 12% per year. The plan also encourages sustainable agricultural practices, offering a reduction of up to 1 percentage point in interest rates for producers who adopt measures such as ...

Source: CanalRural